"Wall Street Raises S&P 500 Targets Amid Bullish Outlook"

Wall Street's S&P 500 predictions have been raised as the benchmark index hits record highs, with Goldman Sachs and UBS boosting their year-end targets to 5,200 and 5,400, respectively, citing a more upbeat outlook for corporate earnings driven by upgraded US economic growth and mega-cap profit margins. Despite concerns about sticky inflation, which may not be all bad for corporates, the surge in stocks reflects a positive market sentiment and expectations for strong earnings growth in 2024, particularly in the Technology and Communication Services sectors.